Thu, 12 Jan 2012 19:16:43 GMT
US initial jobless claim hit the six-week high
The number of people applying for unemployment benefits in the US increased last week, reaching the six-week high. The number of jobless claims added 24,000 to seasonally adjusted 399,000 while experts predicted the figure to stay unchanged at 375,000 over last week. However, the number remained below 400,000 indicating the recovery of the US labour market.